Name: New Zealand Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

New Zealand's economy contracted by 0.5% in 2024, following a 1.8% growth in 2023. Full Year GDP Growth in New Zealand averaged 2.53 percent from 1988 until 2024, reaching an all time high of 5.60 percent in 1994 and a record low of -1.30 percent in 1991. source: Statistics New Zealand

Full Year GDP Growth in New Zealand is expected to reach 2.50 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Full Year GDP Growth is projected to trend around 3.40 percent in 2027 and 3.20 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	-0.50	1.80	percent	Dec 2024
GDP	260.24	255.19	USD Billion	Dec 2024
GDP Growth Rate YoY	1.30	1.10	percent	Dec 2025
GDP Constant Prices	72457.00	72406.00	NZD Million	Dec 2025
GDP from Agriculture	3641.00	3624.00	NZD Million	Dec 2025
GDP from Construction	4274.00	4335.00	NZD Million	Dec 2025
GDP from Manufacturing	5510.00	5509.00	NZD Million	Dec 2025
GDP from Mining	504.00	486.00	NZD Million	Dec 2025
GDP from Public Administration	3461.00	3444.00	NZD Million	Dec 2025
GDP from Services	49763.00	49408.00	NZD Million	Dec 2025
GDP from Transport	2934.00	2902.00	NZD Million	Dec 2025
GDP from Utilities	1818.00	1805.00	NZD Million	Dec 2025
GDP Growth Rate	0.20	0.90	percent	Dec 2025
GDP per Capita	41416.28	42207.97	USD	Dec 2024
GDP per Capita PPP	48162.86	49083.51	USD	Dec 2024
Gross Fixed Capital Formation	17049.00	17429.00	NZD Million	Dec 2025
Gross National Product	77518.00	77162.00	NZD Million	Dec 2025

New Zealand Full Year GDP Growth

In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. Within services the most important segments are: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP. Within industry, manufacturing represents 13 percent of GDP while construction 4 percent. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining.